Everlast Worldwide Inc
Troubled Australian clothing maker Pacific Brands is in the midst of a multi-year transformation programme that has now claimed its CEO, Sue Morphet, who announced plans to step down as the group saw full-year losses widen. With former Foster's boss John Pollaers set to take the helm, just-style considers the challenges facing the company.
There's no question manufacturers have different views of the future and the issues that will shape it, and their outlooks on the key issues often vary depending on their modes of operation and the types of apparel or sewn products they make. To subscribe to Bobbin, please visit www.bobbin.com
Australian retailer Pacific Brands has completed its divestments of the Brand Collective and Workwear businesses.
Australian retailer Pacific Brands is to split and sell off its loss-making Brand Collective apparel and footwear business for AUD39m (US$34m).
Consumer brand company Iconix Brand Group has appointed Seth Horowitz as president of the men's division.
Fight sports and fitness brand Everlast Worldwide has inked an exclusive US license deal with Sears Holdings, which will see its apparel, footwear and accessory lines distributed at Sears and Kmart stores from next autumn.
Sports goods company Everlast Worldwide is expanding its licensing business with the signing of three new agreements covering the UK, Paraguay and Chile.
Pacific Brands has invested in a new Product Lifecycle Management (PLM) solution to streamline its apparel design and sourcing processes.
UK sportswear retailer Sports Direct has reported a 51% fall in annual profits to GBP85m, after being hit by the toughest trading period in its history.
Boxing and apparel brand Everlast Worldwide has launched a new advertising campaign using the tagline Greatness is Within.
Sports Direct International is to sell its leasurewear brands in China after inking a GBP20m deal with domestic retailer ITAT Group Limited.
UK discount retailer Sports Direct International has completed the acquisition of Everlast Worldwide for a consideration of approximately US$182.3m.
Shareholders in Everlast Worldwide have approved the $182m sale of the company to the Brands Holdings subsidiary of UK retailer Sports Direct.
UK sportswear chain Sports Direct International has increased investments in two of the major brands it stocks, Adidas and Umbro, as it awaits shareholder approval for its Everlast merger later this month.
Sports Direct International has indicated that it expects to make an interim gross profit despite the wet weather in the UK, and that it intends to build on its Everlast merger with more acquisitions.
Everlast Worldwide, a manufacturer, marketer and licensor of sporting goods, apparel, footwear said that for the second quarter ended 30 June, loss per share was US$0.46 compared with earnings per diluted share of $0.10 in second quarter of 2006, due to merger costs.
Everlast Worldwide has entered into a settlement agreement with Hidary Group Acquisitions, LLC and Hidary Group Acquisitions, Inc over Everlast’s pending merger with Brands Holding Limited.
Sporting goods retailer Sports Direct has invested GBP48.15m (US$97.77m) on a stake in Adidas Group, two months after its founder Mike Ashley sold his own 3.14% stake in the German company.
Sports Direct International’s pre-tax profit fell 37.3% last year as it was hit by a number of exceptional items related to its flotation in February, and current year trading is now being stifled by record wet weather conditions in the UK the company said today (24 July).
Sporting goods maker Everlast Worldwide Inc has signed a worldwide license agreement with the International Boxing Association (AIBA) to be an official licensee for competition gloves and headgear.
Hidary Group brought a lawsuit against Everlast Worldwide in a Delaware court on Tuesday (10 July) seeking to force the boxing brand to honour its merger agreement with the investment group and accusing Everlast of failing to negotiate in good faith.
Sports Direct International has bought a 60% stake in outdoor clothing and equipment retailer Field & Trek for GBP5m (US$10.2m).
Sports Direct International could face problems with its acquisition of US boxing brand Everlast Worldwide after rival bidder Hidary Group accused Everlast of violating the terms of their merger agreement.
Hidary Group attempted to get back in the bidding for Everlast Worldwide Friday (29 June), but Sports Direct International more than covered Hidary’s sweetened offer.
Everlast Worldwide has terminated its agreement to be acquired by an investment consortium headed by The Hidary Group for US$146m, and instead agreed to be acquired by Sports Direct International Plc’s Brands Holdings Ltd subsidiary for 15% more.
Sporting goods maker Everlast Worldwide Inc has signed a deal with Michelin Lifestyle Limited (MLL) to create a new line of professional boxing footwear.
Everlast Worldwide Inc on Friday (1 June) agreed to be acquired and taken private by an investment consortium headed by The Hidary Group for US$146m.
Sporting goods firm Everlast Worldwide in intending to reveal a new logo to support its imminent re-branding efforts.
Everlast Worldwide Inc on Thursday (26 April) reported lower profits because of special year-ago items and increased its projections for the current year.
Everlast Worldwide has signed a master license agreement for mainland China with Brand Management Holdings (BMH) of Hong Kong.
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